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“This is why the Prime Minister should 'chuck Chequers' and instead seek a Canada-style free trade agreement with the EU to make the most of the global opportunities that lie ahead.

“It is time the Government realised that the EU stands to lose much from no deal being agreed and stopped being cowed by the EU's threats.

“It is time to face down vested interests in the establishment and put democracy first.

Brexit news: Mr Rees-Mogg has been the MP for North East Somerset since the general election of 2010 (Image: GETTY)

“Yet most of all, it is time 'to chuck Chequers', respect the referendum, be out of Europe, take back control and believe in Britain.”

Mr Rees-Mogg’s scathing briefing note argues the Chequers deal would “prevent taking back control of our borders”, and warns proposals for “reciprocal mobility arrangements” are “dangerously close to free movement”.

The critique comes as Mrs May prepares to publish more than 80 papers detailing contingency measures in the event of a ‘no-deal’ Brexit.

One of the most controversial of the papers will stipulate that British businesses must treat EU nations as “third countries” in the event of ‘no-deal’, declaring all imports from the continent and paying customs duties.

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Brexit Secretary Dominic Raab will speak on Thursday to coincide with the release of the first group of papers.

It follows Mr Raab’s assurances that EU citizens living in the UK will not be “turfed out” if no deal is agreed with Brussels, as he vowed to “move swiftly” to safeguard their future.

Mr Raab said he was confident of reaching an agreement, but sought to reassure those living in the UK that ministers would secure their position if the UK crashes out of the EU.

The Cabinet Minister told the BBC: “We hugely value the contribution of EU citizens here in the UK and I am confident that in the unlikely eventuality that we don't have a deal, we will move swiftly to secure their position.”

Ahead of the publication of the papers, Labour leader Jeremy Corbyn insisted there was an "absolutely massive" difference between the Brexit policies of Labour and the Conservatives.

Speaking in Glasgow, Mr Corbyn said: "There's a massive difference because we are not looking for a no-deal Brexit as many Tory MPs are.

“We're not looking to do a deregulatory sweetheart deal with Donald Trump.

"We're looking instead for an economy that invests for the future, gives rights at work, consumer rights, and environmental protection to everybody in our society.

"The difference between Labour and the Tories is absolutely massive on this."

In his letter, Mr Rees-Mogg cautions that Mrs May’s plans to retain EU rules on goods would force the UK to accept the rulings of the European Court of Justice, a move at variance with hard-line Brexiteers’ vision of a UK outside of the EU.

The news of Mr Rees-Mogg’s latest intervention against Mrs May’s plans comes after pro-Brexit campaign group Leave.EU urged its supporters to “help put the spine back into the Tory party” by backing a “true Brexiteer” in the next Conservative leadership contest.

In a tweet, the group posted a photo of Mr Rees-Mogg alongside Boris Johnson accompanied by the words: “Fed up of how this weak ‘conservative’ government has handled Brexit?

“A leadership contest is inevitable. Join the huge number of our members already flooding the Tory party, ready to elect a true Brexiteer.”